Keeping the Social Security system solvent

Let's clear up right now that Social Security doesn't contribute one penny to our debt. It is completely self-funded by workers through payroll deductions taken out of their paychecks.

Furthermore, the chained CPI — Consumer Price Index — is just another needless financial hit that will hurt retirees at a time when many investment plans will be nearly depleted.

Although it is never discussed by the mainstream media, raising the contribution cap from its current $116,000 to $500,000 — or even $1 million — will keep Social Security solvent through the remainder of this century.

As long as our taxes go to subsidize the profits of corporations such as Walmart, Bank of America and GE, who pay little or no federal income tax, or pay their workers such a low wage that they need government assistance to survive, then the wealthy can pay a bit more to prevent the very same people many of their policies harm from living a destitute life on the streets.